SAIL looks good: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Steel Authority of India, SAIL is certainly a better opportunity.

Sukhani told CNBC-TV18, "Ranbaxy Laboratories had a very big gain in the middle of the day, so I am assuming that must be on the back of some news or some information may be. There is no justification for that gain, if some good news has come for the company things will change, if not I suspect the decline will resume again."

He further added, "SAIL is certainly a better opportunity, if we are going to see a relief rally then it is worth looking at in the steel sector that is a big."

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.